Canada’s employment rises 24.9k in Nov, unemployment rate ticks up to 5.8%

Canada’s employment grew 24.9k in November, better than expectation of 14.2k. Unemployment rate rose from 5.7% to 5.8%, matched expectations, and continuing an upward trend observed since April. Total hours worked fell -0.7% mom and were up 1.3% on a year-over-year basis. On a year-over-year basis, average hourly wages rose 4.8%, similar to the increase recorded in October. […]

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